Brewin cuts VAT from managed portfolios

All MPS models will have VAT removed from 1 October

clock • 1 min read

Brewin Dolphin is to cut VAT from all its managed portfolios from 1 October, it announced today.

The wealth management company took action after HM Revenue & Customs confirmed that Brewin was able to self-assess whether VAT was due on its managed portfolio service (MPS). Brewin Dolphin bolsters sustainability team with double appointment Antony Champion, head of intermediaries at Brewin Dolphin, said the decision affected active and passive ranges. "HMRC has now confirmed that we can self-assess whether VAT is due on our MPS," he said. "We have reviewed the tax rules and we are confident that VAT should not apply. "We have always maintained tax should not be a competitive a...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Passive asset managers pick up steam in fund selector rankings

Passive asset managers pick up steam in fund selector rankings

Broadridge Fund Brand 50 Report

clock 26 March 2024 • 2 min read
Robeco expands emerging markets equity range with ex-China strategy

Robeco expands emerging markets equity range with ex-China strategy

More ‘balanced’ exposure to EM

Valeria Martinez
clock 26 March 2024 • 2 min read
Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits

Morningstar downgrades Fundsmith Equity due to 'wrongly timed' exits

Adobe, Amazon, Estee Lauder and PayPal

clock 25 March 2024 • 1 min read
Trustpilot